Gas And Liquid Argon Market Research 2022-2030
According to the report, the global gas and liquid argon market is expected to rise to a valuation of USD 542.33 million by the end of 2030, growing at a CAGR of 5.52% over the forecast period.
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Competitive Landscape:
Major companies profiled in the report include Air Liquide (France), Praxair Inc. (U.S.), Messer Group (Germany), Eurochem (Switzerland), BASF SE (Germany), Nippon Shokubai Co. Ltd. (Japan), SOL Spa (Italy), SABIC (Saudi Arabia), The Linde Group (Germany), and Air Products and Chemicals Inc. (U.S.).
The gas and liquid argon market is expected to rise mainly due to the growing demand for argon in metalworking applications in automotive, construction, electronics, and energy industries. Argon is used in the manufacture of high-quality steel and aluminum, as well as silicon and germanium crystals. Argon is mainly used as a shield gas in these applications, as it is inert and thus provides the perfect material to protect the mixture from environmental reagents that could hamper the stability of the resultant materials.
The increasing use of argon in the healthcare sector could also emerge as a key driver for the global gas and liquid argon market over the coming years.
On the other hand, the high cost and high level of complexity of the production process of argon can deter growth of the global gas and liquid argon market over the forecast period.
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Segmentation Analysis:
The global gas and liquid argon market is segmented on the basis of type, mixture, function, end-use industry, and region.
By type, the global gas and liquid argon market is segmented into gas and liquid. Gas is likely to remain by far the more dominant segment in the global gas and liquid argon market over the forecast period, clocking in a valuation of USD 411.42 million by 2030. It can accrue close to 941.49 kilotons (KT) by the same year. The liquid argon segment is expected to touch a value of USD 130.91 million by 2030 at a CAGR of 4.87% over the forecast period.
By mixture, the global gas and liquid argon market research is segmented into Ar-CO2, Ar-O2, Ar-He, Ar-H2, and others. The Ar-CO2 segment is likely to dominate the global gas and liquid argon market over the forecast period. The segment is expected to rise to a valuation of USD 258.98 million by 2030, followed by Ar-O2 at USD 131.92 million. It can accumulate close to 576.45 KT by 2030.
By function, the gas and liquid argon market is segmented into cooling, illumination, and insulation. Cooling, followed by illumination, is likely to be the leading contributor to the global gas and liquid argon market over the forecast period, the two segments expected to account for valuations of USD 282.41 million and USD 176.68 million, respectively, by 2030.
Key end-use industries requiring gas and liquid argon include welding and metal fabrication, automotive and transportation, electronics, food and beverage, healthcare, energy, and others. Welding and metal fabrication remains by far the leading contributor to the global gas and liquid argon market, accounting for more than twice as much of the market as the next highest contributor, automotive and transportation. The segment accounted for USD 170.21 million in 2017 and is likely to rise to USD 230.34 million by 2030, while the automotive and transportation segment is expected to rise to a value of USD 91.02 million by 2030.
Regional Analysis:
Regionally, the global gas and liquid argon market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific accounted for a dominant share of 38.74% in the global gas and liquid argon market in 2017 and is likely to further exhibit the fastest growth in the market over the forecast period between 2021 and 2030 at a CAGR of 6.53% to rise to a valuation of USD 222.46 million.
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North America accounted for USD 119.86 million in 2017 and is likely to rise to a valuation of USD 158.49 million by 2030. It can register close to 306.35 KT at a CAGR of 4.68% over the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition 23
2.2 Scope Of The Study 23
2.3 List Of Assumptions 24
2.4 Market Structure 24
2.5 Key Takeaways 25
3 Market Insights
4 Research Methodology
4.1 Research Process 31
4.2 Primary Research 32
4.3 Secondary Research 33
4.4 Market Size Estimation 33
4.5 Forecast Model 34
5 Market Dynamics
5.1 Introduction 36
5.2 Drivers 37
5.2.1 Widespread Use In Metal Fabrication And Production 37
5.2.2 Growing Demand For Products In Electronics And Energy Industries 37
5.2.3 Drivers Impact Analysis 38
5.3 Restraints 38
5.3.1 Emergence Of Structural Adhesive As A Substitutable Welding Technology 38
5.3.2 Restraints Impact Analysis 39
5.4 Opportunities 39
5.4.1 Widening Scope Of Application In The Healthcare Sector 39
5.5 Challenges 40
5.5.1 Complexity Of The Manufacturing Process And High Operational Cost 40
6 Market Factor Analysis
6.1 Supply Chain Analysis 42
6.1.1 Raw Material 42
6.1.2 Gas And Liquid Argon Producers 42
6.1.3 Distributors 43
6.1.4 End-Use Industry 43
6.2 Porter’s Five Forces Model 43
6.2.1 Threat Of New Entrants 44
6.2.2 Threat Of Rivalry 44
6.2.3 Threat Of Substitutes 44
6.2.4 Bargaining Power Of Suppliers 44
6.2.5 Bargaining Power Of Buyers 44
7 Global Gas And Liquid Argon Market, By Type
7.1 Introduction 46
7.2 Gas 47
7.3 Liquid 48
8 Global Gas And Liquid Argon Market, By Mixture
8.1 Introduction 51
8.2 Ar-CO2 53
8.3 Ar-O2 54
8.4 Ar-He 55
8.5 Ar-H2 56
8.6 Others 57
9 Global Gas And Liquid Argon Market, By Function
9.1 Introduction 59
9.2 Cooling 61
9.3 Illumination 62
9.4 Insulation 63
10 Global Gas And Liquid Argon Market, By End-Use Industry
10.1 Introduction 65
10.2 Welding And Metal Fabrication 67
10.3 Automotive And Transportation 68
10.4 Electronics 69
10.5 Food Beverages 70
10.6 Healthcare 71
10.7 Energy 72
10.8 Others 73
11 Global Gas And Liquid Argon Market, By Region
11.1 Introduction 75
11.2 North America 81
11.2.1 U.S. 85
11.2.2 Canada 88
11.3 Europe 92
11.3.1 Germany 96
11.3.2 UK 100
11.3.3 France 103
11.3.4 Russia 107
11.3.5 Spain 110
11.3.6 Italy 114
11.3.7 Poland 118
11.3.8 Rest Of Europe 121
11.4 Asia Pacific 125
11.4.1 China 129
11.4.2 Japan 133
11.4.3 India 136
11.4.4 South Korea 140
11.4.5 Australia And New Zealand 143
11.4.6 Thailand 147
11.4.7 Malaysia 150
11.4.8 Indonesia 154
11.4.9 Rest Of Asia Pacific 157
11.5 The Middle East And Africa 161
11.5.1 Turkey 165
11.5.2 Israel 169
11.5.3 UAE 172
11.5.4 Saudi Arabia 176
11.5.5 Egypt 179
11.5.6 Rest Of Middle East And Africa 183
11.6 Latin America 187
11.6.1 Brazil 191
11.6.2 Mexico 195
11.6.3 Argentina 198
11.6.4 Rest Of Latin America 202
12 Competitive Landscape
12.1 Competitive Landscape 207
12.1.1 Introduction 207
12.1.2 Key Development Analysis 207
12.1.3 Market Strategy Analysis 209
13 Company Profiles
14 Conclusion
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